A look at the headlines in this sector right now:

  1. Fitch Ratings uncertain about long-term benefits of currency discontinuation: The agency predicted that the October-December 2016 quarter could see weak GDP growth.
  2. Ousted independent director Nusli Wadia serves defamation notice to Tata Sons: The industrialist challenged the conglomerate’s allegation that he had acted ‘in concert’ with former chairperson Cyrus Mistry.
  3. Sensex ends 195 points higher, Nifty by 73 after strong performances by Asian markets: Analysts said the gains were unlikely to last as the government’s demonetisation move could have a greater effect on the economy than expected.
  4. Quikr acquires home rental start-up Grabhouse as part of its drive to buy out competitors: The online classifieds company had previously taken over CommonFloor and has its own real estate vertical called QuikrHomes.
  5. Trans-Pacific trade deal meaningless without United States, says Japanese PM Shinzo Abe: United States President-elect Donald Trump vowed to withdraw his country’s participation from the 12-nation pact on his first day in office.
  6. Larsen & Toubro sees 84% rise in profit in Q2: The engineering and construction major attributed the growth to divestment gain and lower costs.
  7. No Google Play services for Gingerbread and Honeycomb from next year: The company said the Gingerbread platform was outdated and does not support high-speed tool and apps.